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Hedge funds Kleinhenz Capital and Corriente Advisors to shut down

Opalesque – Hedge funds Kleinheinz Capital Partners Inc., and Corriente Advisors have respectively sent letters to their investors to inform them of their decision to close shop and return their money, media reports indicated.

In a report by Bloomberg, the Fort Worth, Texas-based Kleinheiniz Capital which was founded by John Kleinheinz, said the hedge fund was about 65% “through the process” of liquidating its position and will return investors’ money because of declining profits.

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